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Friday, September 07, 2012

Watchers for the 9-10-12 trading session

NSPR

Be careful with this one, now back on my official list going the other direction, down. A low float short squeezer, this one may top out at 2.50and yield a top fish fade. Also a sell on moves under the close of Friday/holds. Scalp short on panic dumps at any time, especially early. Get out over the trigger, 3+ possible.

PPHM

New 52's. Short term, these yearly high stocks usually go higher.
Consistently strong price action, like trading above the opening price
level after the first 5 minutes, is a long. Or, if it gaps down a bit
to debut or opens flat and falls briefly, a red to green and hold with
strong volume. Also long on spiking up at or near the gun as a scalp.
This might be an EOD exit, depending on how it holds up. Also long on a
break above to new yearly highs (over 5.08) and holds. Avoid shorts/big
gaps keep flat on true weakness. Volume strong Friday, a poor of the road sign for
new buys. Needs to keep above the Friday close or at least over 4 on
pull backs to remain viable as a long, aside from any early noise. 4.50+ is the ticket here.

CMRE

Red floater scan return. Idea is to play for more, real down side on
day 2.
Ended up over 0.5% on Friday via a gap up that closed below the
open after 5 up days. Stops just above 15.25 to cap losses on
head fake fade entries. I'm only into the shorting possibility if it
surfaces, keeping flat on strength. Also a short on heavy volume
dumps/confirmed weakness cues. Medium buy volume on Friday which
means it may have average chances for shorts. Avoid all longs and big
gaps,
especially large gap downs. No A/H quote.

HGG

B/O scan. I like it long back over 8.13 (into the chart gap from July 11th) and holds. Ideal to stay
over
that on tests aside from early noise if it triggers. Stops also
possible just under the close on Friday or the 1st 30 minute low of Monday. Avoid all shorts and all big gaps. The low on Friday is
likely
too
far away to use for risk managing stops. Also a long on spiking up at
or near the gun as a scalp. Modest volume on the rise, a fair sign
for new buys. No A/H quote. Exiting below 8 on fails
after
trigger entrance advisable. Early r/g buy?

AVG
Bullish Engulfing. I like this long over 10.50ish.
Large volume on the rise, which is a poor sign for new buyers. Keep
flat on real weakness aside from a typical red to green move, etc.
Stops just under the low last time or the initial 30 minute one on Monday. More conservatively a stop placed under Friday's close,
too. The low on that day is arguably not too far away to use for stops.
Ideally
stays above 10.25 on pull backs to remain viable as a long if it
triggers. No big gaps/shorts. Up a tad A/H.

LBSV
In play both ways. I like this long over 1.07 and short on a fall fail
back under 1 or a rebuffed attempt. Big buy volume today not a plus here. Avoid
all big gaps. The easiest play will be a flat or nominally up/down
debut that challenges 1 successfully, and overtakes the trigger price.
Or the same with a ceiling at 1. Any gap over 1 needs to be played
carefully. If it's just over, and holds on a test and perks off, longs
are in play. If it does not hold the floor, a short is. As usual, heavy
volume spikes up or down are scalp bait with discretion.

DDMG

Refer once more to my previous comments, mostly still in effect. Declining (in general) sell volume, which is a plus. A bouncer long on a hold/perk over the previous session close (0.60) and or low (0.54).Or a scalp buy on a spike up at or near the gun, etc. Down another 5% A/H. Avoid all big gaps and shorts. Exit under the Friday low if entering long on early strength. Honor those as such death spirals can go on absurdly.